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Pat Toomey (US Sen. ret.)
@SenToomey
Twitter account for former-U.S. Senator Pat Toomey. Husband. Father.
Joined November 2010
13 Following
188.9K Followers

Pat Toomey (US Sen. ret.)’s Tweets

Pat Toomey (US Sen. ret.)
@SenToomey
From this morning on
@SquawkCNBC
:
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Squawk Box
@SquawkCNBC
"This is completely unsustainable for @POTUS to continue to refuse to negotiate," says Fmr. Sen. @SenToomey. "He may not acknowledge that he's negotiating, but he's negotiating...In a divided government, we almost always have a budgetary fight over the debt ceiling."
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Pat Toomey (US Sen. ret.)
@SenToomey
The Fed is statutorily required to enhance transparency in regards to master accounts after the passage of my legislation last year. Today, however, the Fed's interpretation of the statute is plainly at odds with its purpose.
americanbanker.com
Toomey asks court to disregard Fed's take on master account law
The former senator said the Federal Reserve's use of a legal provision he authored last year is "plainly at odds" with the statute as written.
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Pat Toomey (US Sen. ret.)
@SenToomey
It's a really bad idea to systematically and permanently say in the U.S. all deposits are guaranteed by the government. That will lead to bad outcomes, like some version of socializing the banking system because some folks will insist on that. Why would that work? It won't.
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Pat Toomey (US Sen. ret.)
@SenToomey
Third, when the Fed finally realized how far behind it was in fighting inflation, it had to play catch up by raising rates at a record pace. That devastated the banks' bond portfolios that the Fed had indirectly created.
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Pat Toomey (US Sen. ret.)
@SenToomey
Despite our challenges, I’m extremely bullish on America. My optimism is easily justified by our history. America has always been able to survive and thrive. And America remains the greatest nation in the history of the world.
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Pat Toomey (US Sen. ret.)
@SenToomey
Representing Pennsylvania in the United States Senate for these twelve years has been the greatest honor of my professional life. I will always be enormously grateful to the wonderful people of this great state for entrusting me with this awesome responsibility.
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Pat Toomey (US Sen. ret.)
@SenToomey
Congress does a disservice to itself and the American people when it considers $1.7 trillion in spending and hundreds of extraneous provisions compiled in one massive 4,155 page bill—all with little public transparency or opportunity to amend. (1/4)
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Pat Toomey (US Sen. ret.)
@SenToomey
The collapse of FTX is not an indictment of crypto. It’s an indictment of those who misused customer assets. As I’ve said for months, Congress needs to give regulatory clarity so business flows to prudent, sensible, well-regulated American crypto exchanges.
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Pat Toomey (US Sen. ret.)
@SenToomey
PA resident Marc Fogel is jailed in Russia for reasons almost identical to Brittney Griner. With my PA colleagues, I have urged the State Department to prioritize his release. The Biden Admin brought home a celebrity—it must work just as hard to bring home everyday Americans too.
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POLITICO
@politico
The case of 61-year-old Marc Fogel has eerie parallels to that of Brittney Griner. But there’s little sign Fogel will be released any time soon. politico.com/news/magazine/
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Pat Toomey (US Sen. ret.) Retweeted
Senator Thom Tillis
@SenThomTillis
Great idea. This is a good common sense solution to provide transparency.
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Jeanna Smialek
@jeannasmialek
Super interesting: @SenWarren and @SenToomey have introduced legislation that would make the 12 Fed regional banks subject to freedom of information (FOIA) requests. warren.senate.gov/newsroom/press
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Pat Toomey (US Sen. ret.)
@SenToomey
Unfortunately, the Biden Administration continues to vigorously defend these tariffs, which for years have caused harm to American consumers + workers. It is sad to see President Biden carrying the torch for Trump on protectionist trade policies.
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Pat Toomey (US Sen. ret.)
@SenToomey
The Fed and regional Fed banks obstruct congressional oversight inquiries all too often. I’m glad to join with
@SenWarren
in pursuing reforms that will compel these public institutions to be more transparent and accountable to the American people.
bloomberg.com
US Lawmakers Want More Oversight of the Federal Reserve
Two US lawmakers are aiming to make regional Federal Reserve banks comply with public record requests after a string of scandals in the central bank system.
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Pat Toomey (US Sen. ret.)
@SenToomey
While I am pleased that one unjustly detained American citizen is coming home, it is completely unacceptable that veteran Paul Whelan and PA resident Marc Fogel remain in Russia. The Biden administration must not rest until each wrongly imprisoned American is returned home.
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